At one end of Rainbow Street, in the heart of Amman’s cafe-filled historic district, sits Think Arabia, one of the hundreds of tech startups that have sprung from the Jordanian desert like so many wildflowers after a rain.
Jordan’s King Abdullah appointed Khaled al-Karaki, a former minister of education and deputy prime minister, as his new royal court chief, replacing Nasser Lozi , the state-run-Petra news agency reported today.
Encouraging young people from diverse ethnic and religious backgrounds to play sports can “inspire” peace, said Prince Feisal Al Hussein, the second-oldest son of the late King Hussein of Jordan and brother of King Abdullah. He spoke in an interview at the inauguration of the Generations For Peace Institute in Amman today.
The leaders of a prestigious European private-equity firm and one of its companies were celebrating at a pair of parties on the French Riviera. It was Sept. 13, 2008. Gerry Grimstone , chairman of Candover Investments Plc , sipped cocktails and reviewed strategy with executives of the firm’s leveraged-buyout unit on a yacht in Monaco harbor. Two months before, Candover Partners Ltd. had won a bidding war to purchase oil services company Expro International Group Plc for 2 billion pounds ($3.19 billion), then the largest LBO in Europe that year.
Jordan’s Prime Minister Awn al- Khasawneh resigned today, six months after King Abdullah appointed the former judge at the International Court of Justice with a mandate to speed political change in the country.
The Arab Spring may prove one of the biggest hurdles to Potash Corp. of Saskatchewan Inc.’s $13.5 billion takeover of Israel Chemicals Ltd. in what could become the biggest acquisition ever in the Middle East, government officials and analysts said.